Standard Stock To Go Ex-dividend Tomorrow (SMP)

NEW YORK ( TheStreet) -- The ex-dividend date for Standard Motor Products (NYSE: SMP) is tomorrow, May 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $13 as of 9:30 a.m. ET, the dividend yield is 2.8%.

The average volume for Standard has been 234,900 shares per day over the past 30 days. Standard has a market cap of $294.8 million and is part of the consumer goods sector and automotive industry. Shares are down 35.8% year to date as of the close of trading on Wednesday.

Standard Motor Products, Inc. manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. The company has a P/E ratio of 4.7, equal to the average automotive industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Standard as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, attractive valuation levels and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Standard Ratings Report.

See our dividend calendar or top-yielding stocks list.
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